692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 19

GOEnter Symbols GOEnter Keywords

Two stocks costing Buffett $500Mthis yearMatt KrantzTuesday 3 Jun 2014 | 647 AM ET

COMMENTS Join the Discussion

Getty Images

Warren Buffett

Warren Buffett may have a magic touch with stocks but two stocks have

tarnished that touch for the year

Two stocks that Buffett owns Coca-Cola and Goldman Sachs are

completely missing out on the markets rally this year Since Berkshires

holdings in those stocks are so massive the declines sting that much worse

The holdings are based on the companys most recent quarterly filings with

regulators

Read More rsaquo Buffetts Blizzards invade Manhattan

The biggest losing stock for Berkshire has been Coca-Cola The stock is

only down 14 this year which may not sound all that bad But Berkshire

owns more than 400 million shares of the stock so the decline translates in a

$236 million loss for the famous holding company

BERKSHIRE HATHAWAY PORTFOLIO TRACKER

HOME US NEWS MARKETS INVESTING TECH SMALL BUSINESS VIDEO SHOWS WATCH LIVE PRO REGISTER | SIGN IN

48

MORE FROM CNBC

Strong Dow SampP gains end week at records

Stocks that could crack $700 a share after Apple

SampP affirms US sovereign credit rating of AA+

Asia stocks cheer Japan China data Nikkei at 3-month high

EMERGING MARKETS-ECB propels emerging assets

to multi-month highs

ECB proves the war on deflation is raging Insana

Cramer This company a mountain of hidden value

Victorias Secret turns attention to college girls

Why older couples are skipping marriage

Following trends proving to be losing strategy

Recommended by

SPONSORED Recommended by

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 29

Warren Buffett Watch Investing US Markets US News

Warren Buffett The Coca-Cola Co Goldman Sachs General Motors Co

Verisign Inc Wal-Mart Stores Inc Wells Fargo amp Co

But when it comes to the biggest direct hit Goldman Sachs is the sore spot

The stock is down nearly 11 this year making it one of the worst stocks in

the Dow Jones industrial average Since Buffett owns 126 million shares

thats a $2359 million hit

These are the only stocks Buffett is down on this year but the biggest hits

Other losers for Buffett include General Motors down 16 online security

firm Verisign down 16 and Wal-Mart down 24

Read More rsaquo Buffett raises bet on Wal-Mart

And its not all bad Berkshires most valuable holding Wells Fargo Bank is

up nearly 13 this year And while losing $500 million on two stocks in a year

is a big hit to the rest of us keep in mind that Buffetts portfolio of public

holdings is worth more than $100 billion so hell live

mdashBy Matt Krantz of USA Today

RELATED TOPICS

Price Change Change

KO 4091

-008 -020

GS 16600

-019 -011

GM 3650

-005 -014

VRSN 5127 022 043

WMT 7701

-020 -026

WFC 5251 053 102

MORE FROM CNBC

California stud Why Chrome may be a dud

FEATURED

Singapore man pays $22M for Buffett

mealA lunch with Warren Buffett has been bought by

Andy Chua from Singapore for 2166766 in an

annual charity auction

Buffetts charity lunch bid tops $1MWarren Buffetts annual auction to benefit a San

Francisco charity has drawn a bid of more than

$1 million surpassing last years top offering

Why Buffett and Google love the

MojaveThe US is the third-largest solar market and

its growing rapidly because of private

investment and federal support

Two stocks costing Buffett $500M this

yearWarren Buffett may have a magic touch with

stocks but two stocks have tarnished that touch

for the year USA Today reports

MORE FROM BUFFETT WATCH

Lunch with Warren Buffett up for grabs in auction

Can Buffetts Dairy Queen make it in Manhattan

Warren Buffett raises his bet on Wal-Mart

Secret to Berkshires success might surprise you

CNBC Transcript Buffett Munger and Gates

Buffett Congress likely to tackle tax-dodging

mergers

Gates Munger amp Buffett slam high-speed trading

Buffett Munger call themselves a couple of

Gates New CEO pushes Microsoft to move faster

Buffett postgame Its human for CEOs to overreach

Buffetts big mistakes

Wednesday 16 October 2013 | 707 EDT | 48

Warren Buffett Berkshire Hathaway chairman amp CEO gives the big picture view ofsome of his investment mistakes

Recommended by

The Wrong Location WillKill Your Business HeresHowhellip(ShopKeep)

How to Manage a RecallEffectively(Stericycle

ExpertSOLUTIONS)

Feel Like an Imposter atWork Yoursquore Not Alone(Work Intelligently)

CNN Host lsquoStunnedrsquo ByJay Carneyrsquos LameAnswer Whenhellip(Downtrend)

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 39

Poll Will you buy Apple under $100

Driving a car built in the 90s Join the club

Are public pensions headed for another disaster

5 stocks that turned $25K into a million dollars

What the market expects on Big Jobs Friday

Tired of eBaytophattercom

Then youll love us Liveauctions on unique itemseveryday

Considering aneMBAgsbstanfordedueMBAAlternatihellip

The Stanford 1 Yr MSxdegree could be right foryou Learn More

48 Comments CNBC Login

Sort by Newest Share

Join the discussionhellip

bull Reply bull

The_Mick bull 5 days ago

Warren Buffett may have a magic touch with stocks but two stocks

have tarnished that touch for the year

Its only tarnished that touch if you dont have a clue about value

investing for the long term Complaining about stocks trailing the market

for 2014 - for 5 months - is like the little kid in the back seat asking How

long before we get there 5 minutes after starting an interstate drive

Back in Aug 2011 I commented on these pages 7 value-based reasons

to buy Citigroup when it was $36share It fell to $23 in Nov 2011 but its

$48 now Thats an 11 avg annual gain from $36 But if you had

bought on my reasoning and only looked 3 months ahead youd be

cursing me for costing you 13 of your investment INVEST dont trade

bull Reply bull

Ken Spengel bull 5 days ago The_Mick

Someone who really knows what he is talking about

Governmentsuxs bull 6 days ago

Favorite

Share rsaquo

Share rsaquo

Alex CrippenSenior coordinating producer at CNBC

INVESTING rsaquo

Cramer Does this pet stock have legs

Growing market bullishness not a concern yet

Is Tesla becoming yesterdays fashion

After-hours buzz Caseys General Stores eBay ampmore

Why the next market milestone could come thisweek

TOP NEWS amp ANALYSIS rsaquo

Stocks versus bonds - one market could get pounded

4 in 10 millennials overwhelmed by debt Study

Conn GOP was first tipped to Obamacare breach

Before deadly crash senators suggested rest rollback

Who willmdashand wonrsquotmdashbenefit from student loan aid

MOST POPULAR STORIES rsaquo

Clintons were dead broke after White House

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Before deadly crash senators suggested rest rollback

Obesity game changer Why this time its different

MOST POPULAR VIDEO rsaquo

See short-term correction Pro

Closing Bell Exchange Global growth picture

iWatch iPhone potent combo Analyst

Apple splits Now what

Future of Lockheed Martin

MOST SHARED rsaquo

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Millionaire population is soaring Up 19 last year

Retirement savings fears grip Americans

Get ready robots are about to steal your job

SPONSORED Recommended by

The Greatest MarketCrash In History Is ItAround the Corner(Farnsfield Research)

This New Gmail App isAlmost Too Good to BeTrue(Evolving SEO)

Obama Hits New LowEven Jimmy CarterConsiders Him a BadPresident(Collapsecom)

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 39

Poll Will you buy Apple under $100

Driving a car built in the 90s Join the club

Are public pensions headed for another disaster

5 stocks that turned $25K into a million dollars

What the market expects on Big Jobs Friday

Tired of eBaytophattercom

Then youll love us Liveauctions on unique itemseveryday

Considering aneMBAgsbstanfordedueMBAAlternatihellip

The Stanford 1 Yr MSxdegree could be right foryou Learn More

48 Comments CNBC Login

Sort by Newest Share

Join the discussionhellip

bull Reply bull

The_Mick bull 5 days ago

Warren Buffett may have a magic touch with stocks but two stocks

have tarnished that touch for the year

Its only tarnished that touch if you dont have a clue about value

investing for the long term Complaining about stocks trailing the market

for 2014 - for 5 months - is like the little kid in the back seat asking How

long before we get there 5 minutes after starting an interstate drive

Back in Aug 2011 I commented on these pages 7 value-based reasons

to buy Citigroup when it was $36share It fell to $23 in Nov 2011 but its

$48 now Thats an 11 avg annual gain from $36 But if you had

bought on my reasoning and only looked 3 months ahead youd be

cursing me for costing you 13 of your investment INVEST dont trade

bull Reply bull

Ken Spengel bull 5 days ago The_Mick

Someone who really knows what he is talking about

Governmentsuxs bull 6 days ago

Favorite

Share rsaquo

Share rsaquo

Alex CrippenSenior coordinating producer at CNBC

INVESTING rsaquo

Cramer Does this pet stock have legs

Growing market bullishness not a concern yet

Is Tesla becoming yesterdays fashion

After-hours buzz Caseys General Stores eBay ampmore

Why the next market milestone could come thisweek

TOP NEWS amp ANALYSIS rsaquo

Stocks versus bonds - one market could get pounded

4 in 10 millennials overwhelmed by debt Study

Conn GOP was first tipped to Obamacare breach

Before deadly crash senators suggested rest rollback

Who willmdashand wonrsquotmdashbenefit from student loan aid

MOST POPULAR STORIES rsaquo

Clintons were dead broke after White House

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Before deadly crash senators suggested rest rollback

Obesity game changer Why this time its different

MOST POPULAR VIDEO rsaquo

See short-term correction Pro

Closing Bell Exchange Global growth picture

iWatch iPhone potent combo Analyst

Apple splits Now what

Future of Lockheed Martin

MOST SHARED rsaquo

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Millionaire population is soaring Up 19 last year

Retirement savings fears grip Americans

Get ready robots are about to steal your job

SPONSORED Recommended by

The Greatest MarketCrash In History Is ItAround the Corner(Farnsfield Research)

This New Gmail App isAlmost Too Good to BeTrue(Evolving SEO)

Obama Hits New LowEven Jimmy CarterConsiders Him a BadPresident(Collapsecom)

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 49

bull Reply bull

Governmentsuxs bull 6 days ago

Well hes one of Obamas butt hugging buddies good to see LOL

bull Reply bull

homer j simpson bull 6 days ago

I think Warren Buffet owns his own 40 foot wide bank vault opening it

from time to time with his head down while inside thinking what could I

do from here

bull Reply bull

CopyEditor bull 6 days ago

Also Its only a mark-to-market loss not a realized loss So really hes

lost nothing unless he sells at these deflated levels which would be

dumb (excepting tax write-off reasons)

2

bull Reply bull

magicflea bull 6 days ago

The price of IBM is also down and Berkshire owns a lot of IBM Both IBM

and KO pay dividends though so theyre both about break-even Maybe

Im thinking too much about a USA Today article

1

bull Reply bull

resonance bull 6 days ago

I bet he thinks he pays enough income tax now LOL

bull Reply bull

isit2016yet bull 6 days ago

Like Obamaanyone else tired of stories about Warren Buffett Im

sure the White House will weigh in on the loss shortly

1

bull Reply bull

Fung Chee Fui bull 6 days ago

I bought Coke for $1 twenty years ago its value was $10 early this year

and it is now worth $990

And you say I lost $010

Well said

5

bull Reply bull

aamericannovice bull 6 days ago Fung Chee Fui

Too bad you only bought one share

2

bull Reply bull

Dan19 bull 6 days ago

He is still busy counting the money from his Bank of America investment

from a few years ago That one is up a mere 400

3

bull Reply bull

markhutchinson bull 6 days ago

Think Uncle Warren has ever sold some calls or bought some puts on

GS or KO

bull Reply bull

DonKMN bull 6 days ago

Dear Mr Krantz do you actually get paid to write a story like this and to

try and sensationalize and misinform the readers Please look up the

word loss Mr Buffet has not lost any real money He may have lost the

opportunity to sell at a gain but the only way you can say he lost $500M

is if he actually sold the stocks He still owns the same amount of stock

no loss

12

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

1 Highest Dividend Stocks

2 Long-Term Investments

3 Warren Buffett Stock Picks

4 Top Stock Picks

5 10 Best ETFs

Sponsored

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 59

bull Reply bull 12

bull Reply bull

anEngineer bull 6 days ago

What has he done for America lately

-- real value created

-- jobs created

-- great institutions set updonated to

-- great research institutions (especially cancer since he has ailment)

Help me Prove me wrong but I call it a life of being a MISER with a lack

of creativity encouraged by some kind of misdirected public acclaim

4

bull Reply bull

resonance bull 6 days ago anEngineer

He tossed up and climbers under the bus by declaring that he

doesnt think the top earners pay enough taxes (now that he has

made his billions) Note that he did not get indignant about not

paying enough taxes on holdings He thinks those are fine as

things are Apparently property tax should chiefly hammer the

struggling middle class for daring to own homes A hefty tax on

holdings would push him back over to the conservative ideals

because it would truly affect him in the same way that income

taxes affect climbers

1

bull Reply bull

COBWEB bull 6 days ago anEngineer

Other than employing 300000 people and leaving $60 billion to

charity to fight hunger malaria and cancer I cant think of

anything at all hes done

12

bull Reply bull

aamericannovice bull 6 days ago COBWEB

Get you addicted to sugar from Coke Sees Diary

Queen Then treat you for diabetes with Davita

1

bull Reply bull

anEngineer bull 6 days ago COBWEB

Think you are taking about the $sum he dumped off to

Gates and his wife who are actually doing the work of

fighting malaria in Africa (after he checks put)

As for the 300000 thousand employees those already

existed before he invested in the elephants andor

whales On net its been a net decrease in jobs created

after his investments dont read me as indicating that I

consider him a poor investor but like any business if you

can improvemaximize profit buy cutting employees it will

be done

What has he done lately for the Greater Good

2

bull Reply bull

COBWEB bull 6 days ago anEngineer

He has made huge investments in Burlington

Northern the utilities the insurance companies all

resulting in thousands of new jobs Also what

about enriching those who invested with him and

the indirect result of philanthropy educational

spending and business investment by those

people Is Bill Gates not a good steward of the

money Suggest a better method

2

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 69

bull Reply bull

anEngineer bull 6 days ago COBWEB

He has invested nothing of himself

Last week I invested in Ford and Bristol Meyers

I did not create nor eliminate any jobs and like

WB Im not about to tell management how to run

those companies they will be guided by Adam

Smiths magic hand of course should they

employ me as a consultant Id be more than

happy participate

Now if I start my own co now then is when I

create jobs

By the way is not that a major major problem of

our economy The LACK of JOB CREATION and

not a lack of investment in the Janet driven stock

market

bull Reply bull

COBWEB bull 6 days ago

Hes only made 15 times his money on Coca Cola Five months is

meaningless Can you not find something better to write

7

bull Reply bull

1SantaFean1 bull 7 days ago

Both stocks are of evil companies Do you need to know why Coke is a

crap product and GS is a continuing criminal enterprise Warren has no

moral compass other than his god money

1

bull Reply bull

COBWEB bull 6 days ago 1SantaFean1

Just got back from Santa Fe Beautiful place but too many

wackos Maybe Warren should open a hemp shop instead

2

bull Reply bull

Canadiens Habs bull 7 days ago 1SantaFean1

Funny You could have Responded with the word Cheese and

your post would have been just as meaningless

5

bull Reply bull

Robert Blakey bull 6 days ago Canadiens Habs

But people like cheese

2

bull Reply bull

ralphpetrillo bull 7 days ago

Buffet is a classic and does not panic on short term moves Article is

silly to say the least

3

bull Reply bull

Sick of Them bull 7 days ago

The figures presented only show how the stocks have performed this

year What did he pay for those shares is what is needed to determine

loss or gain Just because a stock is off its high doesnt mean you lost

money In addition investment valuation should represent the lower of

cost or market value when financials are created and Im certain he still

has made money in relation to his purchase price What a very stupid

article

2

DIRTY_HARRY bull 7 days ago

hope the old bastid goes broke

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 79

bull Reply bull

hope the old bastid goes broke

4

bull Reply bull

Amanda bull 7 days ago DIRTY_HARRY

He may not go broke but he is sure 5 feet and 11 inches under

ground since his cancer is spreading very fast

1

bull Reply bull

edgenero bull 7 days ago

No worries - hell make it all back on his tax credit from wind farms

bull Reply bull

Magooski bull 7 days ago

This article is bogus Who do you know that has all winners in their

holdings Nobody to be exact Forgetting to mention the dividends these

2 stocks generate is irresponsible but we are accustomed to seeing that

here on a daily basis

9

bull Reply bull

Jason bull 7 days ago

Quick calculation dividend on KO stock for year 488 million Dividend

on GS stock for year 277 million Im trying to figure out their loss Am I

missing something

4

bull Reply bull

DTOM1776 bull 7 days ago Jason

Theyre simply giving a few stock picks that he lost money

onnot that he lost a net $500 million

1

bull Reply bull

Jason bull 7 days ago DTOM1776

Ah So they were correct in reporting that 2 stocks are

down in price but the $500 million figure was just

unsupported hype to get me to read the article Got it

7

bull Reply bull

Amanda bull 7 days ago

Market will end the day higher because nobody will buy

1

bull Reply bull

Amanda bull 7 days ago

He is actually very stupid He has made money by endearing crooks

6

bull Reply bull

aamericannovice bull 6 days ago Amanda

A crook is not a crook until he is behind bars

1

bull Reply bull

Chopin bull 7 days ago

Coca-Colas dividend will more than make up for a 14 loss

2

bull Reply bull

COBWEB bull 6 days ago Chopin

His dividends from Coke each year are now greater than his

original investment As an investor Mr Krantz is a good

journalism major

Chopin bull 6 days ago COBWEB

Indeed that is what is so dumb about this article claiming

that these stocks are costing money just because they

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 89

AROUND THE WEB

bull Reply bull

are down year to date is very silly

2

bull Reply bull

Slatibartfast bull 7 days ago

Its not a loss until BRK SELLS the stock Pretty sure that is how

Buffett has taught them to make zillions-holding and perhaps ADDING to

holdings during down periods This article omits that very simple

concept Perhaps CNBC might want to extrapolate on the patience

principle instead of dumb over-hyped sensationalist headline clap trap

11

bull Reply bull

Pause_and_Think_about_it bull 7 days ago Slatibartfast

Exactly

3

bull Reply bull

Chopin bull 7 days ago Slatibartfast

Indeed and let me add that its not a loss considering what price

Berkshire originally paid for the stocks

6

bull Reply bull

INSERTSCREENNAMEHERE bull 7 days ago

What a terrible and inaccurate title for this article The $500 million is

NOT Buffets personal losses This is for all of Berkshire Hathaway As

such this loss isnt Warrens - it is anyone who owns Berkshire stock

like ME Are CNBCs writers so incompetent and uneducated as to make

a mistake like that Warren Buffet himself does NOT own 400 million

shares of Coca-Colageez guys really

6

bull Reply bull

SCCOX bull 7 days ago INSERTSCREENNAMEHERE

As a substantial BRKB holder Mr Buffett has made me a

boatload of money No complaints here

1

bull Reply bull

TOMJOAD1933 bull 7 days ago

Hell deduct it from the billions he made on the bank stocks

1

bull Reply bull

JGRUMBY bull 7 days ago

These are the only stocks Buffett is down on this year but the biggest

hits Other losers for Buffett include General Motors down 16 online

security firm Verisign down 16 and Wal-Mart down 24

I believe it should read These arent the only

Dont you even have someone in Bangalore read this stuff before you

publish it

13

bull Reply bull

DTOM1776 bull 7 days ago JGRUMBY

Yea they do - perhaps thats the problem

2

WHATS THIS

A Year with

Google Glass

Will Turn You

Into an

World News

Pope Francis

World News Advertisers How

to Find Your

Disqus

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

692014 Two stocks costing Buffett $500M this year

httpwwwcnbccomid101725910 99

4 in 10 millennials overwhelmed by

debt Study 90 comments

Millionaire population soars to 16

million households 458 comments

Who willmdashand wonrsquotmdashbenefit from

student loan aid 132 comments

Growing stock market bullishness

not a concern yet 3 comments

ALSO ON CNBC

Into an

Obnoxious

Monster

Pope Francis

Used to Work as

a Bar Bouncer

to Find Your

Engaged

Audience

Subscribe Add Disqus to your site

Data also provided by

NEW S

Economy

Finance

Health Care

Real Estate

Retail

Wealth

Autos

Earnings

Energy

Media

Politics

Commentary

Special Reports

Asia

Europe

MARKETS

Pre-Markets

US

Asia

Europe

Stocks

Commodities

Currencies

Bonds

Funds

ETFs

INVESTING

Financial Advisors

Personal Finance

CNBC Explains

Portfolio

Watchlist

Stock Screener

Fund Screener

TECH

Recode

Mobile

Social Media

Enterprise

Gaming

Cybersecurity

SMALL BUSINESS

Franchising

Financing

Management

VIDEO

Latest Video

Digital Workshop

US Video

Asia Video

Europe Video

CEO Interviews

Analyst Interviews

Full Episodes

Closed Captioning

SHOW S

Watch Live

CNBC US

CNBC Asia-Pacific

CNBC Europe

CNBC World

Full Episodes

About CNBC Site Map Video Reprints Advertise Careers Help Contact Corrections Newsletters

Privacy Policy - UPDATED AdChoices Terms of Service (New) Independent Programming Report Latest News Releases RSS

Data is a real-time snapshot Data is delayed at least 15 minutesGlobal Business and Financial News Stock Quotes and Market Data and Analysis

copy 2014 CNBC LLC All Rights Reserved